Minnesota State Income Tax Brackets 2024 Withholding

Minnesota State Income Tax Brackets 2024 Withholding. The first $120,000 of taxable income is taxed 5.35 percent, the next $30,070 is taxed 6.80 percent, and the last $98,760 is taxed 7.85 percent. You can quickly estimate your minnesota state tax and federal tax by selecting the tax year, your filing status, gross income and gross expenses, this is a great way to.

The government made these adjustments to address the impact of inflation. The state offers several deductions.